ClaimsForecast

Detailed claim forecasts as soon as a severe weather event happens

As an insurer, one of your biggest challenges is accurately forecasting claims. You need to process a high number of claims in a short period of time, adjust resources and assess potential financial losses. ClaimsForecast is the first forecasting solution for the insurance industry, helping you keep claim-associated costs down and optimize your customer service.

Our daily calculations and damage-type classifications will help you speed up the claims process, lowering costs and ensuring customer satisfaction. We can provide the number of expected damage reports at any given time at regional and postcode level

Product highlights

Predictive model calculations

ClaimsForecast is powered by a predictive forecast model that analyzes over 200 weather factors via historical damage reports and meteorological data, guaranteeing full confidence in the forecast.

Multiple data sources

In combination with our own weather-station network, at MeteoGroup we use radar observations, lightning measurements and hail detection and analysis to create reliable forecasts.

What our customers say

Accumulation events require processing high numbers of claims in a very short period of time. Reliable claims forecast reports for specific weather events enable us to react more quickly and efficiently. With the help of the claims forecast we have implemented a defined activity plan, improving our capacity management and helping increase operational productivity.

Related products

ClaimsMaster helps you optimize your claims-management processes. Saving you time and money, ClaimsMaster provides easy access to all relevant weather data and allows you to review and substantiate claims easily.

Footprints GIS makes analyzing risk and damages easy. You can assess the impact of storms, hail and precipitation events quickly and analyse multiple claims at a time. Furthermore, the daily calculations and data will help you improve your damage projections and loss functions.

Severe Weather Alerts help you stay one step ahead of the weather. The warning system helps you prevent damages, so you can save costs and optimize your resources. Customized to your needs, these alerts will help you increase customer loyalty and satisfaction and optimize resource deployment.